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Economists Forecast Modest Growth in 2013

Associated Press
December 17, 2012

WASHINGTON (AP) -- Business economists believe the country will see modest growth in 2013 with strength coming from a further rebound in housing which will help offset weakness in business investment.

In its latest survey of top forecasters, the National Association for Business Economics says it is looking for the economy to grow in 2013 by 2.1% after 2.2% growth in 2012. That would continue the same tepid growth the country has seen since the Great Recession ended in mid-2009.

Growth at that pace is not strong enough to make a significant improvement in unemployment. The NABE economists believe unemployment will average 7.7% for all of next year, right at the level it reached in November.

The 48 NABE economists on the survey panel had essentially the same outlook as their previous fore